Tuesday, 9 May 2017

Importance of Employees

Employees must be regarded as a business biggest asset, with talent management placed high on the HR agenda. Employees are now the primary builders of a profitable business, according to Dr Robert McHenry, CEO and chairman of OPP Limited. For organizations to capitalize on this, they must place the management of talent firmly on the HR agenda, he says. “The quality of a organization’s employees directly influences its ability to gain and sustain competitive advantage. In an uncertain economic climate, talented employees are a critical corporate resource.” 

(Jonathan Little, report)

Importance of Training

Training is important for an organization because it enables the organization to contribute to the development of a country’s human capital through its influence on policies and systems and training by public training institutions to better serve the business needs. It provides an important service to members especially in industrial relations in respect of which source of training for employees in developing countries are few.

Purpose of Training

Reasons for emphasizing the growth and development of personnel include.

- Creating a pool of readily available and adequate replacements for personnel who may leave or move up in the organization.
- Enhancing the company’s ability to adopt and use advances in technology because of a sufficiently knowledgeable staff.
- Building a more efficient, effective and highly motivated team, which enhances the company’s competitive position and improves employee morale.
- Ensuring adequate human resources for expansion into new programs.
- Research has shown specific benefits that a business receives from training and developing its workers, including
- Increased productivity.
- Reduced employee turnover.
- Increased efficiency resulting in financial gains.
- Decreased need for supervision.
Employees frequently develop a greater sense of self-worth, dignity and well-being as they become more valuable to the firm and to society. Generally they will receive a greater share of the material gains that result from their increased productivity. Theses factors give them a sense of satisfaction through the achievement of personal and company goals.

General Benefits from Employee Training

There are numerous sources of online information about training and development.
- Increased job satisfaction and morale among employees
- Increased employee motivation- Increased efficiencies in processes, resulting in financial gain
- Increased capacity to adopt new technologies and methods
- Increased innovation in strategies and products
- Reduced employee turnover- Enhanced company image, e.g., conducting ethics training (not a good reason for ethics training!)
- Risk management, e.g., training about sexual harassment, diversity training

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